Madison Funds IRS 1099 tax information is available online and tax forms mailed to shareholders on January 20, 2020.

You can view your 2019 tax information by accessing your account via Account Access. After signing in, you will find the “View Tax” option in the fund-level drop down menu on the “Shareholder Portfolio” page. This option will only display for funds that had taxable events. Note: The IRS does not require your mutual fund tax form to accompany your tax return.

Helpful Reminders

You will not receive a Form 1099-DIV if you have taxable ordinary dividends for any fund totaling $10 or less. You must still include these dividends on your income tax return. The dividends are shown in the "Income and Capital Gains Summary" section of your 2019 year-end investor statement.

IRS Form 5498 and 5498-ESA (which reports the Fair Market Value of contributions made to individual retirement accounts (IRAs) and Coverdell Education Savings Accounts (ESAs) through July 15, 2020 for the 2019 tax year) will be mailed by August 31, 2020. As of December 31, 2019, the Fair Market Value of these accounts was noted on your year-end investor statement.

You can download your tax information from your Madison Funds account into TurboTax® and H&R Block® Tax Software once the information is released. You can quickly import your fund-related information from three tax forms: 1099-DIV, 1099-B and 1099-R. Simply follow the instructions provided with your tax software product.

Feel free to contact your financial advisor or Shareholder Services at 1-800-877-6089 if you have any questions regarding your Madison Funds account.

Capital Gain Distributions

Throughout the year, mutual funds realize gains and losses from selling securities held in their portfolios. Mutual funds are required to distribute the net realized gains from these sales to shareholders each year. Below are the capital gains paid by the Madison Funds in 2019.

Capital Gains Per Share ($)

Short-Term

Long-Term

Madison Aggressive Allocation Fund

None

$0.48124208

Madison Conservative Allocation Fund

None

$0.21337250

Madison Core Bond Fund

$0.01880580

None

Madison Corporate Bond Fund

None

None

Madison Covered Call & Equity Fund

$0.15588141

None

Madison Diversified Income Fund

None

$0.79824944

Madison Dividend Income Fund

None

$0.68680602

Madison Government Money Market Fund

None

None

Madison High Income Fund

None

None

Madison High Quality Bond Fund

None

None

Madison International Stock Fund

None

$0.68253280

Madison Investors Fund

$0.02666523

$1.27535061

Madison Large Cap Value Fund

None

$0.36251934

Madison Mid Cap Fund

None

$0.43235645

Madison Moderate Allocation Fund

None

$0.28792080

Madison Small Cap Fund

None

$0.44408362

Madison Tax-Free National Fund

$0.00306207

$0.03136525

Madison Tax-Free Virginia Fund

None

None

The actual distribution amounts are based on gains and losses realized by the funds through October 31.

Distribution of Ordinary Income Dividends

When mutual funds earn interest or dividends from securities held in their portfolios, it subtracts fund expenses and passes this “ordinary income” on to shareholders. Shareholders are notified on Form 1099-DIV (mailed in late January) of the actual amounts of any capital gains or ordinary income dividend distributions.

2020 Distribution Calendar

The distribution schedule for year-end ordinary income dividends and capital gains for the Madison Funds is noted below. Click here to view our printer-friendly version.

Madison Funds are not deposits in, or obligations of, and are not guaranteed by, any financial institution and are not federally insured, so they may lose value. An investment in the Government Money Market Fund is not insured or guaranteed by the FDIC or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

This site does not constitute an offering of securities by the distributor in any jurisdiction in which such offering may not lawfully be made. Madison Funds are not to be marketed in Europe or in European Union member nations.

Madison Asset Management, LLC does not provide investment advice directly to shareholders of the Madison Funds. Materials on this website are informational only and should not be taken as investment recommendation or advice of any kind whatsoever (whether impartial or otherwise).

“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC, and Madison Investment Advisors, LLC, which also includes the Madison Scottsdale office. Madison Funds are distributed by MFD Distributor, LLC. Madison is registered as an investment adviser with the U.S. Securities and Exchange Commission. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority (www.finra.org). The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison's toll-free number is 800-767-0300.

For more complete information about Madison Funds®, including charges and expenses, obtain a prospectus from your financial adviser, by calling 800.877.6089 or by clicking on prospectus and reports to view or download a copy. Before investing in the funds, consider the investment objectives, risks, charges and expenses. The prospectus contains this and other information about funds and should be read carefully before investing.

Russell Investment Group is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group.